The median household income in Palmetto Bay, FL in 2022 was $151,868, which was 54.4% greater than the median annual income of $69,303 across the entire state of Florida. Compared to the median income of $35,966 in 2000 this represents an increase of 76.3%. The per capita income in 2022 was $76,517, which means an increase of 75.8% compared to 2000 when it was $18,497.
Whole page based on the data from 2000 / 2022 when the population of Palmetto Bay, Florida was 23,410 / 24,137
Income statistics for all residents
Median household income in Palmetto Bay, FL in 2022:
Palmetto Bay:
$151,869
Florida:
$69,303
Number of households with income < $10k:
Palmetto Bay:
2.4% (207)
Florida:
5.6% (495,572)
Number of households with income $10k - 20k:
Palmetto Bay:
2.0% (171)
State:
6.9% (612,816)
Number of households with income $20k - 30k:
Palmetto Bay:
5.4% (474)
State:
7.7% (679,608)
Number of households with income $30k - 40k:
Palmetto Bay:
3.1% (270)
State:
8.0% (710,126)
Number of households with income $40k - 50k:
Palmetto Bay:
4.8% (416)
State:
7.8% (687,940)
Number of households with income $50k - 60k:
Palmetto Bay:
4.1% (359)
State:
7.6% (675,076)
Number of households with income $60k - 75k:
Palmetto Bay:
3.0% (263)
State:
9.7% (858,354)
Number of households with income $75k - 100k:
Palmetto Bay:
9.9% (861)
State:
13.4% (1,181,540)
Number of households with income $100k - 125k:
Palmetto Bay:
5.6% (491)
State:
9.6% (851,620)
Number of households with income $125k - 150k:
Palmetto Bay:
8.4% (731)
State:
6.4% (560,854)
Number of households with income $150k - 200k:
Palmetto Bay:
12.7% (1,111)
State:
7.7% (677,227)
Number of households with income > $200k:
Palmetto Bay:
38.6% (3,362)
State:
9.5% (835,661)
Aggregate household income in Palmetto Bay in 2022: $1,840,913,948
Median family income in Palmetto Bay in 2022:
Palmetto Bay:
$178,104
State:
$83,410
Number of families with income < $10k:
Palmetto Bay:
2.1% (146)
State:
3.5% (196,709)
Number of families with income $10k - 20k:
Palmetto Bay:
1.0% (72)
State:
3.9% (220,255)
Number of families with income $20k - 30k:
Palmetto Bay:
2.7% (187)
State:
5.8% (332,003)
Number of families with income $30k - 40k:
Palmetto Bay:
2.0% (140)
State:
6.9% (391,565)
Number of families with income $40k - 50k:
Palmetto Bay:
4.6% (320)
State:
7.2% (407,691)
Number of families with income $50k - 60k:
Palmetto Bay:
3.2% (220)
State:
7.3% (415,240)
Number of families with income $60k - 75k:
Palmetto Bay:
2.6% (181)
State:
10.2% (580,095)
Number of families with income $75k - 100k:
Palmetto Bay:
8.7% (599)
State:
14.6% (830,079)
Number of families with income $100k - 125k:
Palmetto Bay:
6.0% (416)
Florida:
11.3% (640,676)
Number of families with income $125k - 150k:
Palmetto Bay:
8.5% (584)
State:
7.8% (442,580)
Number of families with income $150k - 200k:
Palmetto Bay:
14.2% (978)
State:
9.4% (536,171)
Number of families with income > $200k:
Palmetto Bay:
44.4% (3,066)
Florida:
12.2% (691,335)
Median non-family income in Palmetto Bay in 2022:
Palmetto Bay:
$59,669
Florida:
$43,665
Median per capita income in Palmetto Bay in 2022:
Palmetto Bay:
$76,518
State:
$40,278
Income statistics for White residents
Median household income in Palmetto Bay, FL in 2022:
Palmetto Bay:
$177,770
Florida:
$74,559
Number of households with income < $10k:
Palmetto Bay:
2.5% (93)
State:
4.9% (270,741)
Number of households with income $10k - 20k:
Palmetto Bay:
1.0% (37)
Florida:
6.1% (337,688)
Number of households with income $20k - 30k:
Palmetto Bay:
1.7% (64)
State:
7.2% (395,954)
Number of households with income $30k - 40k:
Palmetto Bay:
2.7% (99)
Florida:
7.5% (411,553)
Number of households with income $40k - 50k:
Palmetto Bay:
3.7% (136)
State:
7.5% (410,613)
Number of households with income $50k - 60k:
Palmetto Bay:
2.8% (104)
Florida:
7.6% (416,709)
Number of households with income $60k - 75k:
Palmetto Bay:
3.0% (110)
State:
9.5% (523,639)
Number of households with income $75k - 100k:
Palmetto Bay:
8.8% (327)
State:
13.3% (732,030)
Number of households with income $100k - 125k:
Palmetto Bay:
5.0% (184)
State:
10.2% (559,463)
Number of households with income $125k - 150k:
Palmetto Bay:
8.3% (310)
State:
6.9% (379,323)
Number of households with income $150k - 200k:
Palmetto Bay:
15.1% (562)
State:
8.3% (456,076)
Number of households with income > $200k:
Palmetto Bay:
45.5% (1,689)
State:
11.1% (610,258)
Aggregate household income in Palmetto Bay in 2022: $851,564,703
Median family income in Palmetto Bay in 2022:
Palmetto Bay:
$202,782
State:
$93,222
Number of families with income < $10k:
Palmetto Bay:
2.2% (65)
Florida:
2.6% (89,721)
Number of families with income $10k - 20k:
Palmetto Bay:
0.9% (28)
Florida:
3.0% (101,720)
Number of families with income $20k - 30k:
Palmetto Bay:
1.2% (37)
Florida:
4.5% (154,795)
Number of families with income $30k - 40k:
Palmetto Bay:
2.2% (65)
State:
5.7% (194,218)
Number of families with income $40k - 50k:
Palmetto Bay:
4.6% (136)
State:
6.4% (219,550)
Number of families with income $50k - 60k:
Palmetto Bay:
1.4% (42)
State:
7.0% (238,045)
Number of families with income $60k - 75k:
Palmetto Bay:
2.1% (63)
State:
9.6% (328,141)
Number of families with income $75k - 100k:
Palmetto Bay:
6.7% (200)
Florida:
14.8% (503,988)
Number of families with income $100k - 125k:
Palmetto Bay:
4.5% (135)
State:
12.0% (409,184)
Number of families with income $125k - 150k:
Palmetto Bay:
8.2% (245)
Florida:
8.8% (298,895)
Number of families with income $150k - 200k:
Palmetto Bay:
15.3% (457)
State:
10.6% (359,290)
Number of families with income > $200k:
Palmetto Bay:
50.7% (1,515)
Florida:
14.9% (507,279)
Median non-family income in Palmetto Bay in 2022:
Palmetto Bay:
$91,796
State:
$46,674
Median per capita income in Palmetto Bay in 2022:
Palmetto Bay:
$93,204
State:
$48,094
Income statistics for Black or African American residents
Number of households with income < $10k:
Palmetto Bay:
3.6% (11)
Florida:
8.6% (101,054)
Number of households with income $10k - 20k:
Palmetto Bay:
0.0% (0)
State:
9.3% (110,079)
Number of households with income $20k - 30k:
Palmetto Bay:
12.6% (39)
State:
10.4% (122,525)
Number of households with income $30k - 40k:
Palmetto Bay:
13.6% (42)
State:
10.6% (124,619)
Number of households with income $40k - 50k:
Palmetto Bay:
7.8% (24)
State:
8.7% (102,300)
Number of households with income $50k - 60k:
Palmetto Bay:
0.0% (0)
State:
8.1% (95,745)
Number of households with income $60k - 75k:
Palmetto Bay:
0.0% (0)
State:
10.1% (118,757)
Number of households with income $75k - 100k:
Palmetto Bay:
11.3% (35)
Florida:
12.3% (144,919)
Number of households with income $100k - 125k:
Palmetto Bay:
4.9% (15)
Florida:
8.1% (95,395)
Number of households with income $125k - 150k:
Palmetto Bay:
4.2% (13)
State:
4.5% (53,276)
Number of households with income $150k - 200k:
Palmetto Bay:
0.0% (0)
Florida:
5.4% (63,827)
Number of households with income > $200k:
Palmetto Bay:
42.1% (130)
Florida:
3.9% (45,695)
Aggregate household income in Palmetto Bay in 2022: $137,255,972
Median non-family income in Palmetto Bay in 2022:
Palmetto Bay:
$41,523
State:
$34,782
Median per capita income in Palmetto Bay in 2022:
Palmetto Bay:
$201,470
State:
$26,700
Income statistics for Asian residents
Number of households with income < $10k:
Palmetto Bay:
1.8% (7)
State:
4.8% (10,378)
Number of households with income $10k - 20k:
Palmetto Bay:
7.0% (28)
Florida:
5.7% (12,222)
Number of households with income $20k - 30k:
Palmetto Bay:
2.8% (11)
State:
5.9% (12,739)
Number of households with income $30k - 40k:
Palmetto Bay:
0.0% (0)
Florida:
5.9% (12,759)
Number of households with income $40k - 50k:
Palmetto Bay:
11.3% (45)
Florida:
5.6% (12,009)
Number of households with income $50k - 60k:
Palmetto Bay:
16.8% (67)
Florida:
6.5% (14,158)
Number of households with income $60k - 75k:
Palmetto Bay:
4.3% (17)
Florida:
7.7% (16,568)
Number of households with income $75k - 100k:
Palmetto Bay:
4.3% (17)
State:
12.6% (27,273)
Number of households with income $100k - 125k:
Palmetto Bay:
7.5% (30)
State:
10.1% (21,821)
Number of households with income $125k - 150k:
Palmetto Bay:
2.5% (10)
Florida:
8.2% (17,650)
Number of households with income $150k - 200k:
Palmetto Bay:
16.1% (64)
State:
11.2% (24,296)
Number of households with income > $200k:
Palmetto Bay:
25.6% (102)
State:
15.9% (34,363)
Aggregate household income in Palmetto Bay in 2022: $64,456,096
Median per capita income in Palmetto Bay in 2022:
Palmetto Bay:
$70,661
State:
$46,365
Income statistics for Hispanic or Latino residents
Median household income in Palmetto Bay, FL in 2022:
Palmetto Bay:
$145,391
Florida:
$64,482
Number of households with income < $10k:
Palmetto Bay:
2.0% (81)
State:
5.9% (120,841)
Number of households with income $10k - 20k:
Palmetto Bay:
2.5% (99)
Florida:
7.8% (158,824)
Number of households with income $20k - 30k:
Palmetto Bay:
9.7% (388)
State:
7.8% (158,797)
Number of households with income $30k - 40k:
Palmetto Bay:
1.5% (59)
State:
8.4% (171,736)
Number of households with income $40k - 50k:
Palmetto Bay:
6.0% (238)
State:
8.5% (174,397)
Number of households with income $50k - 60k:
Palmetto Bay:
4.7% (189)
Florida:
7.9% (160,816)
Number of households with income $60k - 75k:
Palmetto Bay:
3.5% (140)
State:
10.6% (215,567)
Number of households with income $75k - 100k:
Palmetto Bay:
9.3% (370)
Florida:
14.1% (288,590)
Number of households with income $100k - 125k:
Palmetto Bay:
6.2% (246)
Florida:
9.4% (192,146)
Number of households with income $125k - 150k:
Palmetto Bay:
6.1% (242)
State:
5.7% (115,883)
Number of households with income $150k - 200k:
Palmetto Bay:
10.6% (422)
State:
6.8% (139,384)
Number of households with income > $200k:
Palmetto Bay:
38.0% (1,514)
State:
7.0% (143,116)
Aggregate household income in Palmetto Bay in 2022: $743,092,433
Median family income in Palmetto Bay in 2022:
Palmetto Bay:
$161,530
State:
$70,631
Number of families with income < $10k:
Palmetto Bay:
2.2% (71)
Florida:
4.3% (62,648)
Number of families with income $10k - 20k:
Palmetto Bay:
1.4% (46)
State:
4.8% (70,980)
Number of families with income $20k - 30k:
Palmetto Bay:
4.8% (152)
State:
7.7% (112,768)
Number of families with income $30k - 40k:
Palmetto Bay:
1.2% (37)
Florida:
8.3% (121,408)
Number of families with income $40k - 50k:
Palmetto Bay:
5.3% (169)
State:
8.6% (127,058)
Number of families with income $50k - 60k:
Palmetto Bay:
4.1% (129)
State:
8.2% (121,066)
Number of families with income $60k - 75k:
Palmetto Bay:
3.4% (109)
State:
11.3% (165,746)
Number of families with income $75k - 100k:
Palmetto Bay:
9.5% (301)
State:
14.5% (213,504)
Number of families with income $100k - 125k:
Palmetto Bay:
7.5% (237)
Florida:
10.3% (151,829)
Number of families with income $125k - 150k:
Palmetto Bay:
6.2% (198)
State:
6.4% (93,499)
Number of families with income $150k - 200k:
Palmetto Bay:
10.7% (340)
State:
7.5% (109,536)
Number of families with income > $200k:
Palmetto Bay:
43.6% (1,383)
State:
8.1% (118,912)
Median non-family income in Palmetto Bay in 2022:
Palmetto Bay:
$42,567
Florida:
$40,313
Median per capita income in Palmetto Bay in 2022:
Palmetto Bay:
$62,073
State:
$30,491
Income statistics for American Indian and Alaska Native residents
Number of households with income < $10k:
Palmetto Bay:
0.0% (0)
State:
5.8% (1,524)
Number of households with income $10k - 20k:
Palmetto Bay:
0.0% (0)
State:
5.2% (1,374)
Number of households with income $20k - 30k:
Palmetto Bay:
0.0% (0)
State:
9.5% (2,512)
Number of households with income $30k - 40k:
Palmetto Bay:
0.0% (0)
State:
5.4% (1,420)
Number of households with income $40k - 50k:
Palmetto Bay:
0.0% (0)
Florida:
10.0% (2,632)
Number of households with income $50k - 60k:
Palmetto Bay:
0.0% (0)
State:
5.5% (1,437)
Number of households with income $60k - 75k:
Palmetto Bay:
0.0% (0)
State:
13.9% (3,664)
Number of households with income $75k - 100k:
Palmetto Bay:
0.0% (0)
State:
16.0% (4,217)
Number of households with income $100k - 125k:
Palmetto Bay:
1.9% (1)
State:
9.4% (2,483)
Number of households with income $125k - 150k:
Palmetto Bay:
0.0% (0)
State:
4.6% (1,204)
Number of households with income $150k - 200k:
Palmetto Bay:
0.0% (0)
State:
8.7% (2,294)
Number of households with income > $200k:
Palmetto Bay:
98.1% (52)
Florida:
6.1% (1,604)
Aggregate household income in Palmetto Bay in 2022: $213,042,400
Median per capita income in Palmetto Bay in 2022:
Palmetto Bay:
$26,028
Florida:
$25,874
Change in median per capita income between 2000 and 2022:
Palmetto Bay, Florida:
+70.7%
State:
+55.9%
Income statistics for Multirace residents
Median household income in Palmetto Bay, FL in 2022:
Palmetto Bay:
$133,090
State:
$66,563
Number of households with income < $10k:
Palmetto Bay:
1.7% (54)
Florida:
5.8% (83,509)
Number of households with income $10k - 20k:
Palmetto Bay:
4.3% (135)
State:
8.3% (119,018)
Number of households with income $20k - 30k:
Palmetto Bay:
15.8% (493)
State:
7.6% (108,964)
Number of households with income $30k - 40k:
Palmetto Bay:
1.9% (60)
State:
7.8% (112,273)
Number of households with income $40k - 50k:
Palmetto Bay:
3.2% (101)
Florida:
8.1% (116,736)
Number of households with income $50k - 60k:
Palmetto Bay:
4.5% (141)
State:
7.5% (108,182)
Number of households with income $60k - 75k:
Palmetto Bay:
1.8% (57)
State:
10.0% (142,830)
Number of households with income $75k - 100k:
Palmetto Bay:
9.6% (299)
State:
14.3% (205,066)
Number of households with income $100k - 125k:
Palmetto Bay:
4.8% (149)
State:
9.1% (130,357)
Number of households with income $125k - 150k:
Palmetto Bay:
7.2% (224)
State:
5.8% (83,865)
Number of households with income $150k - 200k:
Palmetto Bay:
8.8% (275)
State:
7.2% (103,107)
Number of households with income > $200k:
Palmetto Bay:
36.2% (1,126)
State:
8.4% (120,637)
Aggregate household income in Palmetto Bay in 2022: $539,177,574
Median family income in Palmetto Bay in 2022:
Palmetto Bay:
$157,734
State:
$74,522
Number of families with income < $10k:
Palmetto Bay:
1.1% (26)
Florida:
3.9% (38,985)
Number of families with income $10k - 20k:
Palmetto Bay:
2.0% (48)
Florida:
4.8% (48,964)
Number of families with income $20k - 30k:
Palmetto Bay:
6.7% (161)
State:
7.2% (73,049)
Number of families with income $30k - 40k:
Palmetto Bay:
1.0% (24)
State:
7.5% (76,278)
Number of families with income $40k - 50k:
Palmetto Bay:
3.0% (73)
State:
8.2% (83,077)
Number of families with income $50k - 60k:
Palmetto Bay:
4.6% (110)
State:
7.8% (78,864)
Number of families with income $60k - 75k:
Palmetto Bay:
1.8% (43)
Florida:
10.8% (109,110)
Number of families with income $75k - 100k:
Palmetto Bay:
11.3% (271)
Florida:
15.0% (151,268)
Number of families with income $100k - 125k:
Palmetto Bay:
6.6% (159)
State:
10.2% (103,154)
Number of families with income $125k - 150k:
Palmetto Bay:
7.5% (180)
State:
6.5% (65,923)
Number of families with income $150k - 200k:
Palmetto Bay:
9.3% (225)
State:
8.1% (82,321)
Number of families with income > $200k:
Palmetto Bay:
45.1% (1,087)
Florida:
9.9% (99,830)
Median non-family income in Palmetto Bay in 2022:
Palmetto Bay:
$25,378
Florida:
$40,061
Change in median non-family income between 2000 and 2022:
Palmetto Bay, Florida:
+41.1%
State:
+90.4%
Median per capita income in Palmetto Bay in 2022:
Palmetto Bay:
$53,266
State:
$31,893
Income statistics for other residents
Number of households with income < $10k:
Palmetto Bay:
0.0% (0)
Florida:
6.1% (28,059)
Number of households with income $10k - 20k:
Palmetto Bay:
0.0% (0)
State:
7.0% (32,348)
Number of households with income $20k - 30k:
Palmetto Bay:
0.0% (0)
Florida:
8.0% (36,819)
Number of households with income $30k - 40k:
Palmetto Bay:
1.9% (3)
State:
10.2% (47,209)
Number of households with income $40k - 50k:
Palmetto Bay:
0.0% (0)
Florida:
9.3% (43,006)
Number of households with income $50k - 60k:
Palmetto Bay:
0.0% (0)
State:
8.2% (38,018)
Number of households with income $60k - 75k:
Palmetto Bay:
8.0% (13)
State:
11.4% (52,577)
Number of households with income $75k - 100k:
Palmetto Bay:
21.6% (35)
Florida:
14.6% (67,588)
Number of households with income $100k - 125k:
Palmetto Bay:
16.0% (26)
State:
9.0% (41,737)
Number of households with income $125k - 150k:
Palmetto Bay:
5.6% (9)
State:
5.4% (24,841)
Number of households with income $150k - 200k:
Palmetto Bay:
0.0% (0)
State:
5.9% (27,334)
Number of households with income > $200k:
Palmetto Bay:
46.9% (76)
State:
5.0% (22,928)
Aggregate household income in Palmetto Bay in 2022: $23,736,363
Median family income in Palmetto Bay in 2022:
Palmetto Bay:
$218,251
Florida:
$63,742
Number of families with income $60k - 75k:
Palmetto Bay:
13.4% (15)
State:
12.2% (41,408)
Number of families with income $75k - 100k:
Palmetto Bay:
8.6% (10)
Florida:
14.5% (49,136)
Number of families with income $100k - 125k:
Palmetto Bay:
21.5% (25)
State:
10.2% (34,390)
Number of families with income > $200k:
Palmetto Bay:
56.6% (65)
State:
5.1% (17,418)
Median non-family income in Palmetto Bay in 2022:
Palmetto Bay:
$81,576
State:
$40,974
Median per capita income in Palmetto Bay in 2022:
Palmetto Bay:
$55,020
State:
$27,276
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